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Materials Cutting company – West Midlands

Customers objectives:
• Looking to purchase water jet cutting machine
• Cost: £140,000

Problems to overcome:
• New start company therefore no track record
• Limited deposit available
• Specialist machine
• Foreign manufacturer – machine needed to be imported

Deal structure:
• 15% deposit
• Repurchase undertaking from UK supplier, back up by Swedish manufacturer
• Staged payments of deposit to build VAT to clear customs
• 90% of balance paid on delivery
• Final 10% of balance paid on commissioning

Conclusion:
Due to support from UK supplier and Swedish manufacturer, State Securities were able to take minimal deposit on specialist machine